Assetmark Inc. Has $42,000 Holdings in Bank OZK (NASDAQ:OZK)

Assetmark Inc. boosted its position in shares of Bank OZK (NASDAQ:OZK) by 73.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 968 shares of the company’s stock after buying an additional 411 shares during the period. Assetmark Inc.’s holdings in Bank OZK were worth $42,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in Bank OZK by 27.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 140,492 shares of the company’s stock valued at $6,387,000 after acquiring an additional 29,993 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bank OZK during the second quarter worth $873,000. Natixis acquired a new position in shares of Bank OZK during the first quarter worth $868,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Bank OZK by 115.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 715,844 shares of the company’s stock valued at $29,350,000 after acquiring an additional 382,896 shares during the last quarter. Finally, M&G Plc grew its position in Bank OZK by 12.4% during the 2nd quarter. M&G Plc now owns 210,801 shares of the company’s stock worth $8,643,000 after acquiring an additional 23,309 shares during the last quarter. 86.18% of the stock is owned by institutional investors.

Bank OZK Trading Down 0.5 %

OZK opened at $48.23 on Tuesday. The company has a fifty day moving average price of $43.65 and a two-hundred day moving average price of $43.17. Bank OZK has a 1-year low of $37.43 and a 1-year high of $52.36. The company has a market cap of $5.47 billion, a P/E ratio of 7.93 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

Bank OZK (NASDAQ:OZK) last issued its earnings results on Thursday, October 17th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $423.00 million during the quarter, compared to analyst estimates of $419.08 million. Bank OZK had a return on equity of 14.15% and a net margin of 26.07%. Analysts predict that Bank OZK will post 6.03 EPS for the current fiscal year.

Bank OZK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 11th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 11th. This represents a $1.64 dividend on an annualized basis and a yield of 3.40%. This is an increase from Bank OZK’s previous quarterly dividend of $0.40. Bank OZK’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

OZK has been the subject of several recent research reports. Morgan Stanley upped their price objective on Bank OZK from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Piper Sandler increased their target price on shares of Bank OZK from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Raymond James downgraded shares of Bank OZK from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 17th. Stephens increased their price objective on shares of Bank OZK from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Truist Financial dropped their target price on shares of Bank OZK from $48.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.50.

Bank OZK Profile

Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits.